VAN LANSCHOT KEMPEN Amends Sleep Number Stake Disclosure

TL;DR

**Big investor VAN LANSCHOT KEMPEN updated their Sleep Number stake, watch for changes in their reported ownership.**

AI Summary

VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. filed an amended SC 13G/A on February 12, 2024, indicating their ownership of Sleep Number Corporation's Common Shares as of December 31, 2023. This filing, an amendment to a previous disclosure, signals a change in their reported beneficial ownership, which is important for investors to track as it can reflect institutional sentiment towards the stock.

Why It Matters

This filing shows that a significant institutional investor, VAN LANSCHOT KEMPEN, has updated its reported stake in Sleep Number, which can influence market perception and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not inherently signal high risk, but rather transparency.

Analyst Insight

Investors should monitor subsequent filings from VAN LANSCHOT KEMPEN to see if their reported ownership percentage in Sleep Number Corporation changes significantly, as this could signal a shift in their investment strategy or outlook on the company.

Key Players & Entities

• VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. (company) — the institutional investor filing the SC 13G/A
• Sleep Number Corporation (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A
• 83125X103 (other) — the CUSIP number for Sleep Number Corporation's Common Shares

FAQ

Filing Documents

• SC13GA_VLKIM_FEB2024_Sleep.htm (SC 13G/A) — 77KB
• 0001367401-24-000001.txt ( ) — 79KB

From the Filing

SC 13G/A 1 SC13GA_VLKIM_FEB2024_Sleep.htm 13G FILING VLKIM - SLEEP NUMBER FEB2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. [___1])* Sleep Number Corporation (Name of Issuer) Common Shares (Title of Class of Securities) 83125X103 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 83125X103 Page 2 of 10 Pages 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Van Lanschot Kempen Investment Management N.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 766,544 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 949,668 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 949,668 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.27% 12 TYPE OF REPORTING PERSON (See Instructions) FI (Non-U.S. Financial Institution) (a) Name of Issuer. Sleep Number Corporation (b) Address of Issuer's Principal Executive Offices. 1001 Third Avenue South, Minneapolis, MN 55404, UNITED STATES Item 2. (a) Name of Person Filing. Van Lanschot Kempen Investment Management N.V. (b) Address of Principal Business Office or, if none, Residence. Beethovenstraat 300, 1077WZ Amsterdam, The Netherlands. (c) Citizenship. The Netherlands (d) Title of Class of Securities. Common Shares (e) CUSIP Number. 83125X103 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act. (b) o Bank as defined in section 3(a)(6) of the Act. (c) o Insurance company as defined in section 3(a)(19) of the Act. (d) o Investment company registered under section 8 of the Investment Company Act of 1940. (e) o An investment adviser in accordance with 240.13(d)-1(b)(1)(ii)(E). (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940. (j) x A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). (k) o Group, in accordance with 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:The Reporting Person is a licensed investment fund manager and portfolio manager registered with the Authority for the Financial Markets in the Netherlands. Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 949,668 (b) Percent of Class: 4.27% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote 766,544 (ii) shared power to vote or to direct the vote 0,0 (iii) sole power to dispose or to direct the disposition of 949,668 (iv) shared power to dispose or to direct the disposition of 0,0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classificatio